so, you know, what makes this government work is compromise. when you don't compromise there is stasis. we have had enough of that for too long. >> reporter: the president says if biden and mcconnell can't cut a deal the senate will vote on extending tax cuts for families making less than $250,000 a year and basically force republicans to go the politically risky route voting against it, gregg. gregg: essentially that means taxes are definitely going to go up? >> reporter: it seems the only question is the income cuttoff. now vice president biden is said to be about 100,000 a year apart. biden is willing to preserve tax cuts for families making up to $450,000. mcconnell holding out for $550,000. a year. south carolina senator lindsey graham is not happy about it. >> in 2010 we extend the all the tax cuts because the economy was weak. in 2012, 2013, we're not going to extend the tax cuts the economy is weaker. i don't understand the economics but i do understand the politics. the president won. the president campaigned on raising rates. he will